Promise Homes Limited Filleted accounts for Companies House (small and micro)

PROMISE HOMES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10729778

Promise Homes Limited

Filleted Unaudited Financial Statements

30 April 2021

Promise Homes Limited

Financial Statements

Year ended 30 April 2021

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	4

Promise Homes Limited

Officers and Professional Advisers

The board of directors	E D Horne
	R E Horne

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Promise Homes Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Promise Homes Limited

Year ended 30 April 2021

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 April 2021, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Promise Homes Limited

Statement of Financial Position

30 April 2021

	2021	2020
Note	£	£

Current assets

Debtors	5	14,340	14,340
Cash at bank and in hand		31,016	26,668
		--------	--------
		45,356	41,008

Creditors: amounts falling due within one year	6	10,991	8,307
		--------	--------
Net current assets		34,365	32,701
		--------	--------
Total assets less current liabilities		34,365	32,701
		--------	--------
Net assets		34,365	32,701
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	34,265	32,601
	--------	--------
Shareholders funds	34,365	32,701
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 January 2022 , and are signed on behalf of the board by:

R E Horne

Director

Company registration number: 10729778

Promise Homes Limited

Notes to the Financial Statements

Year ended 30 April 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2020: Nil).

5. Debtors

	2021	2020
	£	£
Other debtors	14,340	14,340
	--------	--------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Corporation tax	391	7,647
Other creditors	10,600	660
	--------	-------
	10,991	8,307
	--------	-------